On Mon, 15 May 2000, Dave Peticolas wrote:
> > To my understanding, that's only true if you're using a double-entry
> > ledger system. The statements I get from my bank, and from every credit
> > card I've ever had use a debit to mean a charge...money going out of the
> > account, and a credit for money flowing into an account. Thus the
> > terminology "deposits and other credits", and "checks and other debits".
> > I'm not an accountant, but I expect that the terms are still backwards.
>
> Surprise, you are using a double-entry ledger system :) That is, unless
> you are leaving all of your 'transfer from' fields blanks, all of your
> entries in checking account have a matching entry in an expense, income,
> etc. account.
>
> I suppose we could make the meaning of 'debit' and 'credit' configurable.
> It's really unfortunate that the informal meanings of the terms are exactly
> opposite the accouting meanings.
>
> dave
I'm not using gnucash's double-entry features. Perhaps that'd be the best
solution---if using single-entry, use the informal meanings of
credit/debit, and if you're doing double entry, use the formal ones. Or
just punt and call the columns "funds in" and "funds out" ;)
-Jon
--
Dr. Jon A. Christopher / [EMAIL PROTECTED] | Project URLs:
Department of Biochem./Biophys. / spock: http://quorum.tamu.edu/spock
Texas A&M University MS-2128 / lesstif: http://www.lesstif.org/
College Station, TX, 77843 / personal: http://quorum.tamu.edu/jon
